In today’s fast-paced stock market, understanding the subtle cues of technical analysis is crucial for smart investing.
In this article, we focus on ComfortDelGro Corporation Ltd (SGX: C52), CapitaLand Integrated Commercial Trust (CICT) (SGX: C38U), and Singapore Land Group Ltd (SGX: U06), all of which are displaying bullish indicators.
Key highlights from the technical reports:
ComfortDelGro
Market Position: We issue a ‘technical buy’ signal for ComfortDelGro after the stock formed a V-shaped bottom and closed above S$1.42 resistance, now support, confirming the upside reversal.
Entry Prices and Support Levels: Recommended entry points are at S$1.45, S$1.42, and S$1.37, with established support levels at S$1.42 and S$1.33.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$1.32. The identified resistance levels are at S$1.55 and S$1.64.
Target Prices: Set at S$1.55, S$1.64, S$1.75, and S$1.80.
Company Overview: ComfortDelGro provides land transportation services. The company offers bus, taxi, rail, car rental and leasing, automotive engineering services, inspection and testing services, driving center, insurance broking services, and outdoor advertising.
For a more detailed analysis, click on the link to access the report.
CICT
Market Position: CICT’s price action signals an uptrend continuation, prompting us to reverse our ‘technical sell’ to a ‘technical buy.’ The stock has broken above both the downtrend resistance and the consolidation range.
Entry Prices and Support Levels: Recommended entry points are at S$2.00, S$1.96, and S$1.89, with established support levels at S$1.96 and S$1.87.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$1.84. Identified resistance levels are at S$2.10 and S$2.40.
Target Prices: Set at S$2.13, S$2.25, S$2.50, and S$2.89.
Company Overview: CICT operates as a retail and office real estate investment trust. The company invests in retail and office properties, as well as integrated developments.
For a more detailed analysis, click on the link to access the report.
Singapore Land
Market Position: We issue a ‘technical buy’ call on Singapore Land, as the stock shows early signs of a bullish reversal. It confirmed an inverted head and shoulders pattern after breaking above the S$1.95 resistance-turned-support.
Entry Prices and Support Levels: Recommended entry points are at S$2.03, S$1.94, and S$1.82, with established support levels at S$1.95 and S$1.82.
Stop Loss and Resistance Levels: To safeguard investments, a stop loss is advised at S$1.76. Identified resistance levels are at S$2.06 and S$2.40.
Target Prices: Set at S$2.25, S$2.85, S$3.00, and S$3.50.
Company Overview: Singapore Land operates as a real estate company. The company develops and invests in properties, provides property management, information technology, development management, and consultancy services, trades in computers and related products, and invests in hotels and retail centers.
For a more detailed analysis, click on the link to access the report.
Take advantage of the stock’s momentum.
Our goal is to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re an experienced investor or new to the market, our analysis is tailored to help you navigate the market with confidence.
Please refer to the attached report for the disclaimer.
